The prices in real estate in Manila, in the Metro Manila region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Manila has remained the same in the last 6 months. In January, the average price per m² was ₱ 109,062. In February this price pretty much remained the same at a value of ₱ 110,381 per m². The price for the following two months in (March, April) decreased 95 % with regard to the prior two months. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₱ 106,911 to ₱ 102,343 during May y June
Based upon to the price in Manila (cities), this has gone up in the last 6 months. The average price for January is ₱ 4,449,962. During February the price had a slight fall till ₱ 4,058,351. During the following two months (March, April) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of ₱ 5,283,173 they are 48 % more affordable than the average price for Manila. The properties with the highest average price have 4 bedrooms, Their price is 175 % more costly than the average. After that we have properties with 3 bedrooms priced at ₱ 10,461,022.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of ₱ 71,450 / m², with an average ₱ 109,668 / m² price in Manila. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at ₱ 84,504 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 5,283,173 it is 34 % cheaper than the average price in Manila. "Condominium" is seen as the second most affordable property type. The dearest property type is "Commercial Lot" followed by "Townhouse". At a price of ₱ 12,037,280 it is 1107 % more expensive than the average price.
According to the average cost per m², the cheapest property type is "House And Lot" at an average cost of ₱ 31,844 / m² followed by "House" priced at ₱ 60,411 / m². "Condominium" is the most costly type of property with a ₱ 114,316 / m² cost followed by "Apartment" with an average price of ₱ 105,867 / m².